Bitcoin at $96K and TOTAL2 Rising Signal Altcoin Rotation Is Underway

4d ago•

bullish:

bearish:

Bitcoin $96K price support and TOTAL2 $1.04T recovery signal possible May altcoin rotation

Bitcoin stabilizes near $96K as TOTAL2 recovers $1.04T in early May, hinting at altcoin upside
TOTAL2’s Fibonacci levels suggest altcoins may rally if breakout above $1.04T holds this week
Santiment warns of meme distractions while utility tokens gear up for May breakout attempts

Bitcoin in May 2025, is a metric closely looked at for market direction, with a flurry of bold price predictions from top financial analysts. Reinforcing potentially bullish sentiment around government adoption, U.S. Senator Cynthia Lummis stated on May 2nd that President Donald Trump supports her proposed “BITCOIN Act.”

The BITCOIN Act is the only solution to our nation’s $36T debt. I’m grateful for a forward-thinking president who not only recognizes this, but acts on it. pic.twitter.com/NVWH6v2EcH
— Senator Cynthia Lummis (@SenLummis) May 2, 2025

This legislation outlines a plan for the U.S. government to build a strategic reserve of 1 million Bitcoin over five years. The Act is also seen as the path for the US to become the single largest Bitcoin holder alongside ongoing accumulation by long-term holders as noted by Glassnode.